MENOMONEE FALLS, Wis.--(BUSINESS WIRE)--Aug. 30, 2012--
Kohl’s Corporation (NYSE: KSS) reported today that for the four-week
month ended August 25, 2012 total sales increased 5.3 percent and
comparable store sales increased 3.4 percent over the four-week month
ended August 27, 2011. Year to date, total sales increased 1.1 percent
and comparable store sales decreased 0.6 percent.
Kevin Mansell, Kohl’s chairman, president and chief executive officer,
commented, “Our August sales reflect improvement in our merchandise
content, inventory levels and marketing strategies. All regions and
lines of business reported higher sales for the month. Best performing
businesses were footwear, men’s and children’s.”
|
|
|
|
|
|
|
|
|
|
|
% Change
|
|
|
|
Total Sales
|
|
Total Sales
|
|
Comparable Sales
|
|
($ in millions)
|
|
2012
|
|
2011
|
|
2012
|
|
2011
|
|
2012
|
|
2011
|
|
August
|
|
$ 1,489
|
|
$ 1,414
|
|
5.3
|
%
|
|
(0.1
|
%)
|
|
3.4
|
%
|
|
(1.9
|
%)
|
|
Year to Date
|
|
$ 9,937
|
|
$ 9,824
|
|
1.1
|
%
|
|
2.9
|
%
|
|
(0.6
|
%)
|
|
1.1
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Company operates 1,134 stores in 49 states, compared to 1,097 stores
at the same time last year. The Company will open 12 new stores in
September.
Comments regarding the Company’s sales results will be provided in a
pre-recorded telephone message, which will be available from 8:30 am ET
on Thursday, August 30, 2012 until 8:30 pm ET on Friday, August 31,
2012. The toll-free, dial-in number for the replay is (888) 360-2596.
(No pass code is required.)
Goldman Sachs Annual Global Retailing Conference
Kevin Mansell will be speaking at the Goldman Sachs 19th Annual Global
Retailing Conference at the New York Plaza Hotel on Thursday, September
6, 2012 at 9:45 am ET. The audio-only web cast can be accessed via the
Kohl’s corporate website (www.KohlsCorporation.com)
or http://cc.talkpoint.com/gold006/090512a_gm/?entity=45_N7CEI2X.
Replays will be available for thirty days.
Cautionary Statement Regarding Forward-Looking
Information
This press release contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995. Kohl's
intends forward-looking terminology such as “believes,” “expects,”
“may,” “will,” “should,” “anticipates,” “plans,” or similar expressions
to identify forward-looking statements. Such statements are subject to
certain risks and uncertainties, which could cause Kohl's actual results
to differ materially from those anticipated by the forward-looking
statements. These risks and uncertainties include, but are not limited
to those described in Item 1A in Kohl’s Annual Report on Form 10-K,
which is expressly incorporated herein by reference, and other factors
as may periodically be described in Kohl's filings with the SEC.
About Kohl’s
Based in Menomonee Falls, Wis., Kohl’s (NYSE: KSS) is a family-focused,
value-oriented specialty department store offering moderately priced,
exclusive and national brand apparel, shoes, accessories, beauty and
home products in an exciting shopping environment. With a commitment to
environmental leadership, Kohl’s operates 1,134 stores in 49 states. In
support of the communities it serves, Kohl’s has raised more
than $208 million for children’s initiatives nationwide through its
Kohl’s Cares® cause merchandise program, which operates under Kohl's
Cares, LLC, a wholly-owned subsidiary of Kohl's Department Stores, Inc.
For a list of store locations and information, or for the added
convenience of shopping online, visit www.Kohls.com, or
join the discussion on Facebook http://www.facebook.com/kohls or
Twitter http://twitter.com/Kohls.
Source: Kohl’s Corporation
Kohl’s Corporation
Investor Relations:
Wes McDonald,
Senior Executive Vice President and Chief Financial Officer
(262)
703-1893
or
Media:
Vicki Shamion, Senior Vice
President – Public Relations
(262) 703-1464
